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State Board Report

March 2013

Six of the chartered accountant institutes have come together to launch “Chartered Accountants Worldwide,” with the goal of promoting the CA brand on an international stage. Speaking at the annual meeting of the Association of Chartered Accountants in the United States, February 27 in New York, Michael Izza, chief executive of the Institute of Chartered Accountants in England and Wales, explained that there had been “marked deterioration in trust” in the business community over the last five years. He stated: “In a world where there are many different types of accountants and qualifications, demonstrating the value that chartered accountants deliver and the highest ethical and quality standards to which they operate is becoming increasingly important.” Mr. Izza told the gathering of chartered accountants who are working in the United States that the goal is to make the CA the “most wanted qualification” in the financial world.

The six institutes from Australia, England and Wales, Ireland, New Zealand, Scotland and South Africa supporting this effort have 310,000 members in 180 countries. All of the members of these institutes have reciprocal membership rights in the six organizations. More information about the six CA bodies’ joint effort can be found on the Chartered Accountants Worldwide website.

Notably missing from the Chartered Accountants Worldwide founding group is the Canadian Institute of Chartered Accountants, which as of January 1 established with the Certified Management Accountants of Canada the new “Chartered Professional Accountants of Canada,” more commonly called “CPA Canada.” The new Canadian organization will support the provincial accounting bodies that have unified under the banner of Chartered Professional Accountant. CPA Canada anticipates being a “single voice” representing 170,000 members.

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